Loan Modification Forum - LoanSafe.org - View Single Post

determined1 · 07-06-2009, 01:42 PM

I have yet to seek legal counsel thought it is on my "things to do" list. For me, I've applied for a mod which they said was on hold until they hear back on the 1st. My hardship letter included a request to settle, which they haven't responded to. I don't have any assets, but could liquidate my 401K if they were willing to settle. I don't have enough unsecured debt outside of this darn HELOC (I don't think) to want to go the bankruptcy route--unless I'm forced to.

Realizing that every situation differs, what kind of options were you given?

07-06-2009, 01:42 PM	#8 (permalink)
determined1 Senior Member Join Date: Mar 2009 Posts: 116 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Second lien modification I have yet to seek legal counsel thought it is on my "things to do" list. For me, I've applied for a mod which they said was on hold until they hear back on the 1st. My hardship letter included a request to settle, which they haven't responded to. I don't have any assets, but could liquidate my 401K if they were willing to settle. I don't have enough unsecured debt outside of this darn HELOC (I don't think) to want to go the bankruptcy route--unless I'm forced to. Realizing that every situation differs, what kind of options were you given?